6 Responses to How Much is That Again?

Isn’t it time we explored a world where we don’t need perpetual growth? It’s become UNeconomic for those of us who benefit, UNfair for those of us who don’t see the benefits and UNsustainable for the planet and ultimately for us all.

Love the last frame where they say they cut the footprint of the stack in half to “better reflect the footprint of the building” . . . nothing at all to do with the -height- of the resulting stack . . . I wonder if anyone’s doing the reverse-engineered version of this for the bills paid off by policies of the CLinton administration?

the bit at the end of the graphic that shows unfunded liabilities to be $114 trillion is ridiculous. I’ve never heard that number from any analytic or serious source.

Whenever I’ve heard it reported in sourced numbers it was more like $20-30 trillion, at most, in unfunded liabilities.

As far as I can tell the $114 trillion number comes from looking at the medicare costs for the next 10 generations or something just as absurd.

If you really want to know how scared you should be about the deficit, look at our bond yields. At 3% we are average for most rich countries. The only thing that can hurt that rate is if the GOP makes us stop paying people back by refusing to raise the debt ceiling.

I wonder if we wouldn’t be better off if we dropped the term “Trillion” from the language. Trillion is so big, people seem to have trouble wrapping their head around the fact that it is a THOUSAND billion. We could do exactly like the UK with having no word for “billion.”

We should call a trillion “a thousand billion”. That way, when the clowns are patting themselves on the back for cutting 15 billion here and there, it would be easier to see understand how small a dent they are making. With a deficit of 1,200 billion, cutting 15 billion is a drop in the ocean, after all.